Michael Saylor defends Americans’ right to promote Bitcoin

Strategy Executive Chairman Michael Saylor has defended Americans’ ability to advocate for Bitcoin without a license, while separating public recommendations from fraud and market manipulation. Summary Saylor said Americans do not need a license to discuss or publicly recommend Bitcoin. The Strategy chairman described Bitcoin as a commodity rather than a security. The CLARITY Act faces a 60-vote procedural test in the Senate on Sept. 15. Strategy recently bought 4,603 BTC for $369.7 million after pausing purchases for about 10 weeks. According to a Sept. 4 X post, Saylor argued that discussing Bitcoin, advocating for its adoption, and recommending ownership are permitted activities in the United States. Michael Saylor separates Bitcoin advocacy from fraud “In America, you don’t need a license to discuss Bitcoin, advocate for it, or publicly recommend owning it,” Saylor wrote. The Strategy chairman then drew a line between promoting the asset and engaging in illegal trading practices. “Bitcoin is a commodity, not a security. Fraud and manipulation are illegal,” he added. Saylor did not point to a specific enforcement case, regulatory proposal, or dispute in his post. Instead, his st...